TOP analyst says this is the last chance to accumulate BTC and predict rallies for BNB and MATIC
A prominent analyst believes Polygon (MATIC) and Binance Coin (BNB) will rebound before Bitcoin (BTC) climbs to $ 100,000.
The analyst known as Altcoin Sherpa told his 141,900 Twitter followers that this was his last chance to buy BTC.
“From my point of view, this is the last chance to get on the Bitcoin train before it takes off. When it accelerates, I expect it to suck all the liquidity out of altcoins and move like a speedboat. A higher floor is created – do not leave yourself behind.
BTC / USDT daily chart | The source: AltcoinSherpa / Twitter
He says the next upward move in Bitcoin will be huge based on the healthy market structure that the moving averages are showing.
“The movement of the EMAs is very healthy as BTC is hovering around all-time highs. The price has been falling and consolidating for a while, I think if BTC moves it will be huge. “
BTC / USDT 4-hour chart | The source: AltcoinSherpa / Twitter
Considering Binance Coin, Sherpa expects the altcoin to break above $ 600 but doesn’t think BNB can outperform BTC.
At the time of writing, BNB is trading at $ 548.55, according to CoinGecko.
“BNB: Expect this altcoin to continue rising and break the resistance at around $ 600. But I don’t think it will surpass BTC.”
BNB / USDT daily chart | The source: AltcoinSherpa / Twitter
BNB / BTC daily chart | Source: AltcoinSherpa / Twitter
As for Ethereum’s Layer 2 scaling solution, Polygon, he expects MATIC to hit a new all-time high in the coming weeks. He predicts a volatile phase in which L2 and sidechain compete against each other.
“MATIC: Still a good project, expect it to hit an all-time high in the next few weeks. The battle between Sidechains / L2s / Ethereum Virtual Machines (EVMs) is getting really interesting in the next few months. A high gas makes it impossible for retailers to use the Ethereum network. “
MATIC / USDT daily chart | The source: AltcoinSherpa / Twitter
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According to Dailyhold